Question

The cost of a machine is supposed to

Answer 1

Answer:

i) 302720

ii) 390909.09

Step-by-step explanation:

So to that end, here's the formula:

$future \: value = (present \: value){(1 - rate)}^{time}$

In part i, we do the following:

$344000 {(1 - .12)}^{1} = 302720$

In part ii, we do the following:

$344000 {(1 - .12)}^{ - 1} = 390909.09$